Bro, thanks for the compliment but it should be credited to fellow forumers who unselfishly shared valuable info here. I am still learning and merely applying what I learned here. I have also learned a lot from your blog and wish how I can write like u.

Today my UOB 6-month 3.65% FD matured and I have moved it to PBB 3-month Stepup FD. Since I do not have any account at PBB, I need to open a SA just to deposit the 3-month interest. 'Wasted' 1 hour each at UOB & PBB.

Called UOB Christmas FD promo extended until 11 January 2015. Mine maturity date only middle of the month.

How should I protect my FD if something unexpected happen to me ?

That is the logical thinking..

Can BNM be illogical?

Well, I dunno la.. I just hear based on some source.. Saying will hike OPR again this year.

1 fact in 2015 tat we cannot run away.

the US will raise rate this year.

and their monetary policy will have global effect.. now usd 1 = myr 3.54

when rates hike.. probably become 3.70 3.80...

no choice but to hike rates to preserve money in malaysia.. if not, more outflow.

How should I protect my FD if something unexpected happen to me ?

open a joint FD..else maybe nominate another person as beneficiary (need to sign docs, etc)

But if bnm dun do anything is good to counter outflow ?

Aside from this, what are the benefits of opening a joint FD, as compared to a single-person FD? It seems like a great deal of hassle to have several people to be present in the bank, when opening and uplifting a joint FD.

for banks like UOB and OCBC, you only need to register your details once. Depending on how you term it, just a single person can do the upliftment, else it beats the purpose of having a joint FD if something happen to any of the holder.

U can try creating a hong leong MACH FD acc for future use.
At least it is 1 time hassle.. after that, no need to go branch.. all online, even for promo FD as well..

Sorry i abit lazy to scroll through all the info, can TS let me know which bank is the best to park my 6k for 6 months??

awfully quiet. is everybody busy running around? should i be running around too?? rhb's offer was just too darn good to resist just 2 mths ago 

government has started steps to contain outflow - click here to read article in MI. Next thing you know it might be like 1998/99 where we can only sent RM10K overseas!

This afternoon when to HLB. Have a FD maturing on the 29/1. But I won't be in malaysia on 29/1. Ask can I transfer money to my mother's account upon maturity so she can put affin 4.38 for me as we have a joint account. HLB said cannot. Then asked how much if I were to remove the FD, they are going to only give me say 3 months interest despite the FD have been put for almost 11 months already. This FD, the interest is credited monthly into my SA. So what happen is they are deducting 8 months of interest from the principal if I withdraw today.

Asked the officer in charge (behind the desk, not counter workers), apparently you can write a letter of authorization and upon maturity, the money will follow your instructions. So in this case, I can transfer the principle upon maturity to my mother's SA despite not being in Malaysia at that time.

By writing a letter of authorization, I won't forfeit my 11 months of interest and still able to uplift it upon maturity even though I am not in Malaysia

Just want to report the above incident. Could be useful for some.

This afternoon when to HLB. Have a FD maturing on the 29/1. But I won't be in malaysia on 29/1. Ask can I transfer money to my mother's account upon maturity so she can put affin 4.38 for me as we have a joint account. HLB said cannot. Then asked how much if I were to remove the FD, they are going to only give me say 3 months interest despite the FD have been put for almost 11 months already. This FD, the interest is credited monthly into my SA. So what happen is they are deducting 8 months of interest from the principal if I withdraw today.

Asked the officer in charge (behind the desk, not counter workers), apparently you can write a letter of authorization and upon maturity, the money will follow your instructions. So in this case, I can transfer the principle upon maturity to my mother's SA despite not being in Malaysia at that time.

By writing a letter of authorization, I won't forfeit my 11 months of interest and still able to uplift it upon maturity even though I am not in Malaysia

Just want to report the above incident. Could be useful for some.